CapitalXTend Review – Negative Reviews of Offshore Broker
CapitalXTend Review – Negative Reviews of Offshore Broker

CapitalXTend broker is under the ownership of CapitalXTend LLC. Under the flag of St. Vincent and Grenadines, they provide trading services since 2005.

However, with an established business like this, it’s hard to believe there are only 53 reviews about this broker. That’s why we will analyze in this CapitalXTend review what is happening behind the scenes.

Before we go any further, we suggest reading our brokerage reviews on Alliance Trader, SohoMarkets, and Xpro Markets.

Broker status:Unregulated | Offshore Broker
Regulated by:FSC
Regulators’ Complaints:N/A
Owned by:Capitalxtend LLC
Headquarters Country:St. Vincent and Grenadines
Foundation year:2005
Supported Platforms:MT4/MT5
Minimum Deposit:$100
Cryptocurrencies:Yes BTC, BNB, USDT
Types of Assets:Forex, Commodities, Indices, Shares, Cryptocurrencies
Maximum Leverage:1:1000
Free Demo Account:Yes
Accepts US clients:Yes

Is CapitalXTend An Anonymous Broker?

Firstly, CapitalXTend broker can’t have regulation in SVG. They don’t provide any more licenses for trading. However, they are a part of the Financial Commission. This is an independent organization that provides compensation funds up to 20.000 EUR. Yet, they are not a regulatory body.

Moreover, this broker doesn’t have any Tier 1 licenses. Such are coming from the most trusted institutions like FCA, ASIC and BaFin. That would make a whole lot of difference. But without those, traders might expect potential issues.

Offshore broker with payment provider in Kazakhstan. Extremely high leverage, above EU regulation and ESMA rules limit. Negative reviews about potential issues with withdrawals.

The Opinions of Traders On About CapitalXTend

If you check CapitalXTend reviews you will realize that it’s not a broker to wish for. Some traders experienced withdrawal issues.

With practically no regulation that is always a potential issue. On Trustpilot, out of 53 reviews, 6% are with the lowest rating.

What Platforms Does CapitalXTend Offer? – Available Trade Software

CapitalXTend Trading Software

Many traders have a dealbreaker with brokers that provide an untrusted platform. On the other hand, not even a trusted platform makes the broker reliable. Therefore, you have to choose wisely. That’s why it’s important to work with a Tier 1 licensed broker.

However, this one has access to the most advanced software. That is Meta Trader 4 and Meta Trader 5. These have highly functional features that make trading way easier. Especially social and copy trading features. Not to mention automated trading. Yet, if you can’t collect your profits, there is no proper use of the software.

CapitalXTend ‘s Trading Assets and Instruments

On the positive side, this broker provides assets in most competitive classes. Such as:

  • Forex                        AUD/EUR, USD/JPY, GBP/NOK
  • Cryptocurrencies       ETH, LTC, ADA
  • Indices                      BE 20, ITA 45, DE 30
  • Commodities            gold, platinum, cotton
  • Shares                      eBay, Spotify, Netflix

On the negative side, they have extremely high leverage. For instance, in the EU maximum allowed leverage is 1:30. It’s because of the risks of losing all of the funds. Even getting into debt. Yet, this broker has leverage up to 1:1000.

CapitalXTend Countries Of Service

It’s not strange that offshore brokers are targeting worldwide. For example, CapitalXTend trading company mainly targets traders from:

  • United States
  • Germany
  • India
  • Turkey

It’s not excluded that many more countries are on their list. But instead of going offshore, known as trouble, better invest with Tier 1 licensed brokers.

CapitalXTend List of Account Types

CapitalXTend List of Account Types

In general, traders get the motivation to deposit more money with better trading conditions. Those are often available through different account types. With this broker is the same. Those account types are:

  • Standard       $100
  • ECN             $200
  • PRO ECN     $500
  • Platinum       $25.000

What benefits traders can get are mainly regarding spreads and commissions. Starting spread is 3 pips, which is double the industry average.

Information About Demo Account

Always a good choice to test trading conditions is a risk-free account. But there you can’t get a realistic picture of commission, fees and swaps.

On the positive side, this broker gives access to a demo account. On the negative side, they lack micro accounts that are sometimes more favorable.

Negative Balance Protection

The broker claims to provide negative balance protection. This means that traders can’t get into debt while trading.

Yet, CapitalXTend is not regulated by any trusted regulator. Therefore, this remains unconfirmed.

CapitalXTend Promotions –  How Does The Program Work?

For any deposit up to the 31st of March 2023, traders get a 30% welcome bonus. The problem is the hidden clause that traders often don’t read.

But in T&Cs clearly states that the broker has right to use this clause to stop the payout. So, for a $100 bonus, you have to trade 50 lots. Which is $5 million.

Terms of Service for CapitalXTend

Many conditions are speculative here. Firstly high leverage, which is not in accordance with any rules. Secondly, bonuses are banned with any regulated broker. Therefore, if those rules are violated there is no reason to comply with other.

In general, they have a wide range of depositing methods. The broker accepts cards, wire transfers, e-payments and cryptos.

Leverage, Spreads and Fees

With many regulated brokers leverage is a maximum of 1:30. Except for pro traders that can request higher leverage. But to become a pro you need to meet certain criteria.

Spreads are not so competitive. At least on lower levels. On higher levels, you get better spreads, but commission as well. For instance, for the Pro ECN account, you have a fixed $3 fee for opening and a $3 fee for closing the trade.

Have a problem with a CapitalXTend Broker? – We Want To Hear Your Story

Anyone can have an issue with a broker these days. Mostly it’s regarding the withdrawal procedure. Nobody complains about losing some funds. In fact, that’s normal.

Since they have a compensation fund, you can try your luck there first. Our fund recovery team is at your disposal if that doesn’t work. Already today we can start your chargeback process.

What Is the Chargeback Procedure?

If you think that the service provider was not genuine after your payment, you can file a chargeback. But that only works with debit/credit cards.

Another key point is the time interval for such a request. Which is only the first 18 months. Start your chargeback process on time. Get in touch with us and book your free consultation today!

What Is CapitalXTend?

It’s an offshore broker from St.Vincent and Grenadines with an entity in Kazakhstan as well.

Is CapitalXTend a Legitimate Broker?

They don’t have any Tier 1 regulation, besides the FC compensation fund. That’s concerning.

Is CapitalXTend Available in the United States or the UK?

They offer trading services to clients coming from the US, but not the UK.

Does CapitalXTend Offer a Demo Account?

Yes. Besides live accounts, traders can open a demo through the Meta Trader platform.


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